Penda Health Ltd

Kenya Health

Penda Health is a growing chain of outpatient primary healthcare centres serving low-income but highly populated areas of Nairobi. Compared to other high quality healthcare facilities, treatment at Penda can be up to 83% cheaper. The company has plans to open over 100 medical centres across East Africa in the next five years.

We are invested in Penda Health Ltd through Novastar Ventures East Africa Fund I LP, which is managed by Novastar Ventures Limited. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, East Africa
Countries:
Kenya
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Health
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
Novastar Ventures East Africa Fund I LP
Fund Manager:
Novastar Ventures Limited
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
August 2016
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Kenya